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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (122426)10/4/2012 2:41:38 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 149317
 
RW,
So you would rather pay taxes than invest the same dollars in your company and your employees?
That's so stupid. Employee wages are dictated by the labor market for the required skill set.

No one is going to pay more or hire more just because profits are taxed at a higher rate.

High taxes on profits DISCOURAGE investing because it significantly reduces ROI.

If these guys really sit around talking about what they would do if taxes were higher, then they sound incredibly boring.
You hear it from business representatives all across America. Uncertainty about taxes and business costs, particularly from ObamaCare, is discouraging investment.

Sorry you find that "boring," but for these guys it's their entire livelihoods. Of course they must be part of the "1%" so their opinions don't matter ...

Tenchusatsu